While Rodgers’ wife runs a suc- Continuing Care Retirement Community h W What Can
The Seabrook Offer You?
cessful tropical plant leasing com- pany, the captain jokes he is now a happy house husband who loves every minute of his retirement life. The couple lives on a lake close to Charleston, and Rodgers says, “We have great restaurants, good fishing, and good hunting,” which they can enjoy pretty much all year. South Carolina is home to 47
state parks, from Caesars Head State Park, in the state’s western mountains, which offers stunning vistas, to the maritime forests and palmetto-lined beaches of Edisto Beach State Park, south of Charles-
ton. The state has more than 2,800 miles of coastal shoreline, 182 of those miles in oceanfront beaches. Those who aren’t into sand, sun, and saltwater fishing can enjoy the lakes and forests of central South Carolina or head into the often-overlooked mountains west of Greenville, where elevations range up to 3,560 feet and the state’s highest waterfall, Raven Cliff Falls, drops 400 feet.
Cities ranging from historic to hip While South Carolina is known for its deeply Southern, laidback life- style, its cities are rife with activity.
What Does It Cost to Live Here?
Offering 3 Living Choices Equity, Entrance Fee, Rental Fine Dining with Gracious Staff
Financial Security as a QRW IRU SURÀW
Fraser Health Center/ Home Health
Transportation &
Other Optional Services Engaging Social Activities 7LPH 7R )XOÀOO
www.TheSeabrook.org 300 Woodhaven Dr.
843-842-3747 Call or Visit
Located off Pope Avenue Hilton Head Island, SC
(Behind Holy Family Catholic Church)
Maureen Rosene Director of Sales
Don Peterson, Broker-in-Charge 7 0 MI L I T A R Y O F F I C E R S E P T EMB E R 2 0 1 0
South Carolina’s cost of liv- ing and state tax benefits are retiree-friendly, which probably explains why this often-over- looked retirement destination is getting more attention of late. While the cost-of-living index (see
www.coli.org) varies from one locality to another, here are some examples: n Charleston: 98.8 n Columbia: 91.6 n Greenville: 91.3 n Myrtle Beach: 94.4 South Carolina’s state income
tax system has six tax brackets, with a top rate of 7 percent. The good news is the Palmetto State has a lot of attractive deductions and tax credits. For example, from the first time you receive retirement income (including government pensions), you can take an annual deduction of $3,000. Once you reach age 65, that deduction increases to $10,000. If both you and your spouse receive retirement income, you both can take the individual deduction. And if you
serve in the Reserve or National Guard post-retirement, your income from your military duty is exempt from state taxation. Social Security benefits also are not taxed. South Carolina residents
enjoy relatively low property taxes. Thanks to the state’s property-tax-relief benefits, if you live in a home in Green- ville, for example, valued at $100,000, your property tax will be about $600 annually — lower than what you’ll find in popular retirement states like Florida and Arizona. The median home value in South Carolina is just over $100,000. South Carolina sales tax is 6
percent, but localities can collect additional sales tax — and many do, with the highest sales tax rate being 9 percent in Myrtle Beach. Here’s some handy news: The state has a maximum sales tax of $300 on motor vehicles, and that includes automobiles, recreational vehicles, boats, mo- torcycles, and even airplanes.
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